Cloud computing service providers should also be able to target by the draft EU laws aimed at limiting the power of Amazon, Apple, Alphabet's Google, and Facebook aimed at reducing anti-competitive behavior, according to research released on Tuesday.   The release of this report also comes...

The Asian Securities Industry and Financial Markets Association (ASIFMA, an association of 150 banks and management companies) has asked Hong Kong Finance Minister Paul Chan for a clear plan to lift restrictions on COVID-19, the South China Morning Post reported, citing a letter from the...

There have been positive signals of a rebound in business and international travel, claimed the hotel owner IHG and added that this has been driven by strong corporate bookings in the United States.   This has helped the Holiday Inn owner's room revenue to get closer to its pre-pandemic...

East Timor is trying to cover a multibillion-dollar income hole that will become apparent in 2023 when a depleted oil and gas field off its coast will become defunct and hence the country wants to move through with plans for a carbon capture and storage (CCS) project at the field.   Since it...

The current spate of inflation would pick up next year and would put increasing pressure on consumer goods companies for increasing prices of products to try and account for the increasing prices for energy and other related expenses, warned Unilever.   While issuing the warning, the company...

The International Monetary Fund said on Thursday that a shortage of access to Covid-19 vaccines is stifling economic recovery in Sub-Saharan Africa and that the region will fall behind by years compared to developed countries because of this.   In its regional economic outlook, the fund...

Cuba has signed an agreement on energy cooperation with China as part of the One Belt, One Road programme, the Cuban embassy in China said. The agreement was signed during the One Belt, One Road energy cooperation conference in Qingdao. It provides for the participation of Chinese companies in the...

The Chinese economy, the second-largest in the world has already been hit by power shortages which have, in turn, threatened to upend the global supply chains, while it is becoming apparently clear that the gas shortage in Europe will continue in October as no signals of increasing gas exports to...

People's Bank of China Governor Yi Gang believes that the Chinese economy is "doing well," even though there are headwinds challenging it, including default risks for some firms due to "mismanagement".   The huge debt burden of more than $300 billion in liabilities and the missed...